eToro

About eToro
eToro is by far the largest social trading platform with over 8 million users from more than 170 countries worldwide. eToro (Europe) Ltd. is licensed by FCA & CySEC.
4.1/58 ratings

eToro USER RATING

Are you actively trading at this Broker or did you stop trading there?
Give us your overall rating of the Broker and help us and others to decide which broker to choose.

  • Risk Disclaimer

BrokerCheck eToro Review

Successful Traders 35%

Trading Cost

3.8/5

Order & Support Speed

4.5/5

Available Products

3.0/5

Usability

3.9/5

What we liked about eToro

eToro is THE major player when it comes to social trading. If you are interested in profiting from social trader portfolios or want to earn extra cash by publishing your trading ideas – there is probably no way around eToro. They offer many crypto currencies and stocks. Their % of successful traders is probably one of the highest of every CFD Broker.

Pros

Social Trading Platform

Many Crypto Currencies

Many Stocks available

Many successful Traders

What we disliked about eToro

Their size has been their biggest weak point for a couple of months now. It seems like eToro is on its way of recovering but due to the high influx of new customers their service/support was really lacking. So far the fees for withdrawal have been another negative point.

CONS

Fees for withdrawal

Bad Service experiences reported

No Futures available

No US Traders allowed

BrokerCheck Review of eToro

Due to the very strong user growth of eToro, the support and service has fallen by the wayside (Our experience in 2018). There has been too little investment in manpower to cope with the rush. Since a broker should react very quickly to inquiries, there is a clear deduction in the rating here. However, the very large selection of financial products has a positive effect. Unfortunately, the cost structure is not always very transparent and can still be expanded. Also there are fees (10-40€) for withdrawing money from eToro accounts. All in all, eToro is mainly recommended for its social trading platform features. As a pure CFD broker, eToro is less suitable, there are better alternatives.

UPDATE 29.10.2018
eToro has slashed the spread costs of many crypto currencies, which makes trading more competitive. A good step for traders.

Highlight's

Free Demo Account for Trading Beginners

More than 10 Cryptocurrencies

Social Trading Platform

500€ minimum deposit for live accounts

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this Broker.

Top 5 Broker

NEWEST POSTS

HOW TO BECOME A PROFESSIONAL TRADER
trading

How to become a Professional Trader

What is the ESMA? The European Securities and Markets Authority (ESMA) is an EU body aimed at protecting investors and ensuring the integrity, stability and